## TRUSTEES OF MISS CULLENS ALMSHOUSES ANNUAL REPORT FOR THE YEAR ENDED 31 DEC 2025 ## **Charity reg No. 217572** 1. Name, Address and Registered Number Miss Cullens Almshouses Bingham Road, Sherwood Nottingham NG5 2EQ ## 2. **Objectives** To provide and maintain 23 dwellings for the residence of almshouses in conformity with the provisions of the charity's trusts. Three other properties are also occupied . 3. Trustees David Harvey (Chairman) John Bexon Mark Robinson Margaret Jays Nick Tennant Peter Blair 4. Review of activities The dwellings at Cullen Court were fully occupied for a substantial part of the year. One additional Property was purchased in 2025 (17 Laxton Drive Hucknall NG15 6PU) 5. Reserves The Charity transfers regular amounts to specific funds. These funds are for the longterm upkeep of the properties administered by the Charity. Gemma Hopper Secretary INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF MISS CULLENS ALMSHOUSES We report on the accounts of the Charity for the year ended 31 December 2025 which are set out below This report is made solely to the charity's trustees, as a body, in accordance with Regulation 8 of the Charities (Accounts and Reports) Regulations 2005. Our work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an independent examiner's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity's trustees as a body, for our work, for this report, or for the statement we have made. Respective Responsibilities of Trustees and Examiner The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year (under section 144(2) of the Charities Act 2011 (the 2011 Act)) and that an independent examination is needed. It is our responsibility to: - Examine the accounts (under section 145 of the 2011 Act); - Follow the procedures laid down in the General Directions given by the Charity Commissioners (under section 145(5)(b) of the 2011 Act); and - State whether matters have come to our attention. Basis of independent examiner's report Our examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the Charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, seeking explanations from you as Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently we do not express an audit opinion on the view given by the accounts. ## **Independent Examiner's Statement** In connection with our examination, no matter has come to our attention: (1) Which gives us reasonable cause to believe that in any material respect the requirements * to keep accounting records in accordance with section 130 of the 2011 Act; and * to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act have not been met; or (2) to which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Trustees Of Miss Cul1￿.5 Alm5hou5•5 Accountan15' Report on the Unaudited A¢￿Unts AS aL￿r￿)*O Crt Fage 3 OT act￿nts. Na¥• apyo¥èd thè acco￿t8 ror year èndèd 316: D•e•mber 2025. sei out M pa￿& 2 to 4. In acCom￿ce witn )vur Instrurtons. Thawe prepared ttsfje unauaned Irorn e0iflUn9 rèecrt ana frorn Irffonnakn ana navè rèqulrèd. we na¥• not earrè¢J or any otnér r•￿*￿. CAinseweft11y wt OD noi èxwe66 y cpmions on tnè6e accowts. -/ TA YLOR ACCOUNTANCY LTD 2 L)'pToof cfm NottngN3rn NG1S aFT Trustees Of Miss Cullen's Almshouses Trading Account Period from 1 January 2025 10 31 December 2025 2025 2024 Invesknenl Income Ottter Income Irom Tenants Inwestmenl Inconie 2 (Gaini 8.552 266 70.128 9.751 1.179 41867 78,946 52.797 Loss Mvestments GROSS PROFIT 78.916 52.797 Wkly Man Chgs IRenl Payniwlsl Electnc Contntyjtsons from Tenants 145,038 135.245 8.752 153.486 143 997 232 432 196.794 OVERHEADS Trustees Management Payments Properti Repairs and Maintenance Rares- Ground and 'Nater Properti Management Charge British Gas and Total Energies Insurance Slalionepi and Printsng Tel - Ccnl I￿nrtornnQ Licences Replaceable Wttite Gcods Accountancy Professional Fees- Nelsons Bank Charges Sundries 13.352 30,318 4.225 13,598 29.321 2.679 12.645 25.766 3.068 13.836 17.597 2.277 330 52 83 650 11,655 69 400 8.468 60 1.450 108 316 85.949 NET PROFIT 124,116 110.845 Trustees Ot Miss Cullen's Almshouses Balance Sheet As At 31 December 2025 125 2024 FIXED ASSETS 2.982.C 2.834.OTrJ CURRENT ASSETS Bank Cur￿1 Account M & G Investments 3388 M & G Investments 3387- 3389 Brewn Dc4phin InVestn￿nts 70,867 349,402 23,590 304 856 204.879 3CQ,169 21,174 246 377 748715 772 599 CURRENT LIABILITIES Trade C￿￿rtorS RevaluatDn Accryjnt Cullen Court 2.￿1000 2 561000 2.￿1,000 2,561,000 NET CURRENT LIABILITIES 11.812.285) 11.788.401) NET ASSETS 1,1￿.715 1,045,599 Financed 8￿. CAWTAL ACCOUNT Brought Forwar Profrt For The Year 1.045.599 124_116 934.754 110.845 1,169,715 1,045,599 l my resrKmgtrilty for the iycrwjrts. Ir￿lL#ll￿ m>Je ayailabè all the infrymaow aTrl exWatws nece55aryfor theiroynpiLaton. 201D212020 Name." Oawd Hmy Trustees Of Miss Cullen's Almshouses Notes To The Accounls Period from 1 January 2025 to 31 December 2025 FIXED ASSETS 2025 2024 ASSETS AT COST 17 Rockwc4)Y Crescent 12 Eerwent Orive A¢)Jits￿- 17 Laxton Dnve 85.000 188.000 148.000 84 Ocrfj 188 Ocrfj As at 31 DecemEkr 2025 421.000 273 000 Freehold Property As at 31 DecemEkr 2025 2,561.000 2.561.OCrf) SUMMARY NET BOOK AMOUNTS Assets at cost Cullen Court Prope￿.eS 421.￿0 2.561.000 273.OCwJ 2.561.000 2,982.000 2.834,000